Zhonghe Zhixing Rail Transit Technology Co., Ltd. announced that it will receive equity round of funding for gross proceeds of not more than CNY 1,174,348,700 on March 13, 2023. The transaction will include participation from returning investor UniTTEC Co.,Ltd. to maintain 100% stake. After the completion of the transaction the registered capital will increase from CNY 200,000,000 to not more than CNY 1,500,000,000.

The transaction has been approved in the nineteenth meeting of the company eighth directorate and does not need the shareholders' approval.